505 S Chicago Street

Los Angeles, CA 90033

  • 10 Bed(s)
  • 0 Bath(s)
  • 4,902 Sqft
  • 7465
    Sqft(Lot)
$1,000,000

Description

We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at 505 s. chicago street, in boyle heights. this two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4,902 on a 7,500-square foot lot. the building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 2+1.5 units, and two (2) 2+1 units. the subject property is 100% occupied and is subject to the city of los angeles rent control regulation. the investment boasts spacious floor plans, five (5) on-site parking spaces, and individually metered for gas and electricity. current gross income is $7,130/month, priced at a current at a 6.5% cap rate and 11.5x grm. there's approximately 50% upside in potential rents. given the location, attractive local area amenities, and potential to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive boyle heights submarket that will provide exponential returns.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48915838

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Property Details

  • Bedroom Information

    • Total Bedrooms : 10

    Bathroom Information

    • Total Baths: 5
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator

  • Building Information

    • Year Built: 1905
    • Building Area Total: 4,902

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1714
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7465

  • Listing Price Information

    • Original List Price: 1,000,000
    • Listing Contract Date: 2025-03-10

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5183019014

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: BOYH - Boyle Heights
    • Postal Code Plus 4: 4313
    • Directions: 505 S. Chicago Street | Los Angeles, CA 90033
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: BOYH - Boyle Heights

    Building and Construction

    • Property Age: 120
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4902
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/27/2025 @ 19:03

  • MLS: 25509003
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is for sale, it has 4,902 sqft, 7,465 sized lot, and 0 parking. are nearby neighborhoods.